LAUSR

Structural breaks in Taylor rule based exchange rate models — Evidence from threshold time varying parameter models

Sign Up to like & get
recommendations!
1 Published in 2017 at "Economics Letters"

DOI: 10.1016/j.econlet.2016.11.008

Abstract: In this note we develop a Taylor rule based empirical exchange rate model for eleven major currencies that endogenously determines the number of structural breaks in the coefficients. Using a constant parameter specification and a… read more here.

Keywords: structural breaks; time varying; taylor rule; rule based ... See more keywords

Optimal Taylor rules when targets are uncertain

Sign Up to like & get
recommendations!
1 Published in 2019 at "European Economic Review"

DOI: 10.1016/j.euroecorev.2019.07.013

Abstract: We analyze the optimal Taylor rule in the standard New Keynesian model when output and inflation are imperfectly observed. When the central bank observes inflation and the output gap with error, the optimal Taylor rule… read more here.

Keywords: optimal taylor; inflation; taylor rules; output ... See more keywords

STRUCTURAL STABILITY OF THE GENERALIZED TAYLOR RULE

Sign Up to like & get
recommendations!
0 Published in 2017 at "Macroeconomic Dynamics"

DOI: 10.1017/s1365100517000414

Abstract: This paper analyzes the dynamical properties of monetary models with regime switching. We start with the analysis of the evolution of inflation when policy is guided by a simple monetary rule where coefficients switch with… read more here.

Keywords: stability generalized; generalized taylor; taylor rule; rule ... See more keywords

Understanding the deviation of Australian policy rate from the Taylor rule

Sign Up to like & get
recommendations!
1 Published in 2018 at "Applied Economics"

DOI: 10.1080/00036846.2017.1346367

Abstract: ABSTRACT This investigation aims to explain and quantify the deviations of the Australian policy rate (set by Reserve Bank of Australia) from the Taylor Rule. A three-step econometric procedure designed to reflect the data-rich environment… read more here.

Keywords: policy rate; taylor rule; rule;

Nominal GDP Targeting and the Taylor Rule on an Even Playing Field

Sign Up to like & get
recommendations!
1 Published in 2019 at "Journal of Money, Credit and Banking"

DOI: 10.1111/jmcb.12602

Abstract: Some economists have advocated nominal GDP targeting as an alternative to the Taylor Rule. These arguments are largely based on the idea that nominal GDP targeting would require less knowledge on the part of policymakers… read more here.

Keywords: rule; output gap; gdp targeting; taylor rule ... See more keywords